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Nov 17 - 06:55 PM

AUD/USD, USD/CAD: New Targets - Credit Suisse

By eFXdata  —  Nov 17 - 02:00 PM

Credit Suisse discusses its new Q4 targets for AUD/USD and USD/CAD.

"We raise our Q4 AUDUSD target from 0.6200 to 0.6400 and our target range from 0.6100-0.6750 to 0.6300-0.6950. We remain bearish: the risk of disappointment around relations with China is high, and expectations around RBA policy are still too constructive," CS notes. 

"We no longer see a compelling reason for USDCAD to reach our 1.4100 target in Q4: we now lower it to 1.3500, and reset our target range from 1.3250-1.4300 to 1.3000-1.3650 for the remainder of the quarter," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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